| Reference and Administrative Details |
||
|---|---|---|
| Report ofthe Trustees | 2 to | 10 |
| Report ofthe Independent Auditors |
11 to | 13 |
| Statement ofFinancial Activities | 14 | |
| Balance Sheet | 15 | |
| Cash Flow Statement | 16 | |
| Notes to the Cash Flow Statement | 17 | |
| Notes to the Financial Statements | 18 to | 29 |
| TRUSTEES | Mr A W Isles | |||
|---|---|---|---|---|
| Mr R G Renwick | ||||
| Mr H JWalker (resigned | 12.3.23) | |||
| Ms A E Binks | ||||
| Mrs L G Allen (appomted | 7.4.22) | |||
| Mr M N Walker (appointed | 7.4.22) | |||
| Dr RN YOwen (appointed | 12.10.22) | |||
| Mr R Djtma (appomted | 14.10.22) | |||
| REGISTERED | OFFICE | 3 St Mary's Road | ||
| Luton | ||||
| Bedfordshue | ||||
| LU1 3JA | ||||
| REGISTERED | COMPANY | 03525877 (England and Wales) | ||
| NUMBER | ||||
| REGISTERED | CHARITY | 1107790 | ||
| NUMBER | ||||
| AUDITORS | FKCA Limited | |||
| Statutory Auditor |
||||
| 260 —270 Butterfield | ||||
| Great Marlings | ||||
| Luton | ||||
| Bedfordshire | ||||
| LU2 SDL | ||||
| BANKERS | Bank ofScotland | |||
| PO Box 1000 | ||||
| BX2 1LB |
| for the Year Ende | d 31MARCH 2 | 023 | ||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Unrestncted | Restncted | Designated | Total | Total | ||||
| funds | funds | Funds | funds | funds | ||||
| Notes | f. | |||||||
| INCOME AND | ENDOWMENTS FROM | |||||||
| Donations and legacies |
3 | 243,961 | 243,961 | 333,554 | ||||
| Charitable activities |
||||||||
| Creative learning | 2,790 | |||||||
| Other tradmg and sponsorship |
||||||||
| activities | 224,704 | 599 | 225,303 | 43,963 | ||||
| Investment income |
86 | 86 | 6 | |||||
| Total | '24 704 | 244 646 | ~69 350 | 38~313 | ||||
| EXPENDITURE | ON | |||||||
| Cost ofgenerating | funds | 8,099 | 18,618 | 26,717 | 3,059 | |||
| Charitable activities |
||||||||
| Luton international | Carmval | 125,639 | 174,223 | 249,862 | 68,504 | |||
| Creative learning | 279 | 60,674 | 60,953 | 83,676 | ||||
| Artisnc programme | se,es4 | se,es4 | 199,734 | |||||
| Trading activities | 43,017 | 1,263 | 112,135 | 156,415 | 84,810 | |||
| Artreach | 2~000 | |||||||
| Total | 177034 | 261432 | 112135 | 550601 | 463783 | |||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 47,670 | (16,786) | (112,135) | (81,251) | (83,470) | |||
| RECONCILIATION | OF | FUNDS | ||||||
| Total funds brought | forward | (5,952) | 66,066 | 4,355,028 | 4,415,142 | 4,498,612 | ||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 41 778 | 492817 | 4242 8'13 | 4 333 892 | 4415 142 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | Total | ||
| funds | funds | Funds | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 14 | 4,845 | 4,242,893 | 4,247,738 | 4,366,480 | |
| Investments | 15 | I | ||||
| 4,845 | 4,242,893 | 4,247,738 | 4,366,481 | |||
| CURRENT ASSETS | ||||||
| Debtors | 16 | 26,497 | 26,000 | 52,497 | 80,420 | |
| Cash at bank and in hand | 41 747 | 35 942 | 7 689 | 5~985 | ||
| 61,942 | 130,186 | 135,405 | ||||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 17 | (31,373) | (12,660) | (44,033) | (86,744) | |
| NET CURRENT ASSETS | 36 871 | 49282 | 86 153 | 48 661 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 41,716 | 49,282 | 4,242,893 | 4,333,891 | 4,415,142 | |
| NET ASSETS | 41716 | 4'1282 | 4242893 | 43338sl | 4415142 | |
| FUNDS | ||||||
| Unrestricted funds |
41,716 | (5,952) | ||||
| Re strict ed Am48 |
7. | |||||
| TOTAL FUNDS | 4333 891 | 4 ~15142 |
| for the Year Ended 3 | 1MARCH 2023 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Notes | f. | |||||
| Cash flows from operating | activities | |||||
| Cash generated from operations Net cash provided by operating |
activities | 22 618 ~22 618 |
7 282 ~7282 |
|||
| Cash flows from investing | activities | |||||
| Interest received | ||||||
| Net cash provided by investing |
activities | 86 | ||||
| Change in cash and cash equivalents | in | |||||
| the reporting period |
22,704 | 7,288 | ||||
| Cash and cash equivalents | at | the | ||||
| begianing ofthe reporting |
period | 54985 | 47 697 | |||
| Cash and cash equivalents | at | the end | of | |||
| the reporting period |
77 689 | 54 985 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Net expenditure for the reporting |
period (as per the Statement of | ||||||
| Financial Activities) |
(81,251) | (83,470) | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 118,742 | 118,743 | ||||
| Interest received | (86) | (6) | |||||
| Dccrcasc/(increase) | in debtors | 27,923 | (2,465) | ||||
| Decrease m | creditors | ~42 710) | ~25 520 | ||||
| Net cash provided | bg operations | 22 618 | 7 282 | ||||
| ANALYSIS | OF CHANGES IN NET FUNDS | ||||||
| At | 1 4.22 | Cash tlow | At 31.3 23 | ||||
| Net cash | |||||||
| Cash at bank | and in | hand | 54 985 | 22 704 | 77 689 | ||
| 54 985 | 22 704 | 77 689 | |||||
| Total | ~54 985 | 22 704 | ~77 689 |
| DONATION | S AND LEGACI |
ES | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Donations | 28,016 | ||||
| Grants | ~243 961 | ~305 538 | |||
| 243 961 | 333 554 | ||||
| OTHER TRADING AND SPONSORSHIP | ACTIVITIES | ||||
| 2023 | 2022 | ||||
| Bar &catering income | 599 | 942 | |||
| Hire fees | 50,008 | 43,021 | |||
| Sponsorship t.'omnussions |
income | 150,000 ~24 696 |
|||
| ~225 303 | ~43 963 | ||||
| INVESTMENT INCOME | |||||
| 2023 | 2022 | ||||
| Deposit account interest | 86 | 6 | |||
| INCOME FROM CHARITABLE ACTIVITIES | |||||
| 2023 | 2022 | ||||
| Activity | f | ||||
| Workshops | and commissions | Creative | learning | 2 790 |
| Fundraising | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Fundraising | 15250 | ||||
| Trading activities | |||||
| 2023 | 2022 | ||||
| Repairs and renewals | 449 | ||||
| Staff costs | 2,610 | ||||
| Technical support |
250 | ||||
| Consultancy | 3,368 | ||||
| Event management | 90 | ||||
| Postage and stationery | 70 | ||||
| Arttstic matenals | 7,407 | ||||
| Equipmcnt hire |
282 11467 |
~3059 | |||
| Aggregate amounts |
26717 | 3 059 | |||
| CHARITABLE ACTIVITIES COSTS | |||||
| Support | |||||
| Direct | costs (scc | ||||
| Costs | note 9J | Totals | |||
| f. | |||||
| Luton International | Carnival | 214,027 | 35 835 | 249,862 | |
| Creative leanung | 55,633 | 5,320 | 60,953 | ||
| Artistic progrannnc | 34.759 | 21,895 | 56,654 | ||
| Tradmg activities | ~117776 | 38.639 | 156415 | ||
| 422 195 | 101689 | 523 884 | |||
| SUPPORT COSTS | |||||
| Organisation | Office | ||||
| Overheads | Costs | Costs | Totals | ||
| g | 8 | f. | f | ||
| Luton International | Carnival | 16,143 | 8,510 | 11,182 | 35,835 |
| Creative learntng |
172 | 5,148 | 5,320 | ||
| Artistic programme Trading activities |
10,900 7,077 |
4,044 22,355 |
6,951 9207 |
21 895 ~38639 |
|
| 34 292 | 34.909 | 32 488 | 101689 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Depreciation | - owned assets | 118,742 | 118,743 | |
| Auditor | rcmuncration | 6500 | 6 500 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages | 120,364 | 105,824 | |||
| Social secunty Pensions |
10,470 ~1882 |
3,184 ~1150 |
|||
| 132716 | 110158 | ||||
| The average monthly | number ofetnployees | during | the year was as follov:s: | ||
| 2023 | 2022 | ||||
| Employees | 7 | 9 |
| 13. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||||
| Unrestricted | Restricted | Designated | Total | ||||||
| funds | funds | Funds | funds | ||||||
| 6 | |||||||||
| INCOME AND ENDOWMENTS FROM | |||||||||
| Donations and legacies |
151,294 | 182,260 | 333,554 | ||||||
| Charitable activities |
|||||||||
| Crcativc lcanung | 2,790 | 2,790 | |||||||
| Other trading and sponsorshtp |
activtttes | 43,963 | 43,963 | ||||||
| Investment income |
6 | 6 | |||||||
| Total | 198053 | 182260 | 3Rtl 313 | ||||||
| EXPENDITURE ON | |||||||||
| Cost ofgenerating funds |
3,059 | 3,059 | |||||||
| Charitable activities |
|||||||||
| Luton International Carnival |
51,258 | 17,246 | 68,504 | ||||||
| Creative leanung | 72,935 | 10,741 | 83,676 | ||||||
| Artistic progrannnc | 87,815 | 46, 172 | 65,747 | 199,734 | |||||
| Tradmg activities | 66,409 | 18,401 | 84,810 | ||||||
| Artreach Total |
20,000 177283 |
4 000 14'.165 |
11(135 | 24,000 463783 |
|||||
| NET INCOME/(EXPENDITURE) | 20,770 | 7,895 | (112,135) | (83,470) | |||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total tunds brought | forward | (26,722) | 58,170 | 4,467,164 | 4,498,612 | ||||
| TOTAL FUNDS CARRIED | FORWARD | 3'" | |||||||
| 14. | TANGIBLE FIXEDASSETS | ||||||||
| Fixtures | |||||||||
| Plant | and | and | |||||||
| Property | machinery | tinings | Totals | ||||||
| f. | |||||||||
| COST | |||||||||
| At 1 April 2022 and |
31 | March | 2023 | 5 806 762 | 918 | 943 | 534451 | 7 260 156 | |
| DEPRECIATION | |||||||||
| At 1 April 2022 |
1,451,734 | 918,816 | 523,126 | 2,893,676 | |||||
| Charge for year At 31 March 2023 NET BOOK VALUE At 31March 2023 |
11(135 4 4' I 563 N69 |
91N | 127 943 |
6,480 118742 4» 38 529 606 3 012 41N |
|||||
| At 31March 2022 | 4 355 028 | 127 | 11325 | ~ 3664Rtl |
| Nature ofbus | me | ss: Dormant | ||||
|---|---|---|---|---|---|---|
| D/ | ||||||
| Class ofshare: | holding | |||||
| Ordinary | 100 | |||||
| 31.10.23 | 31.10.22 | |||||
| f | ||||||
| Aggregate capital and reserves |
1 | 1 | ||||
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 2023 | 2022 | |||||
| Trade debton; | 22,280 | 11,990 | ||||
| VAT | 873 | 13,576 | ||||
| Prepayments | and accrued income | 29,344 | 54 854 | |||
| 52497 | 80 420 | |||||
| CREDITORS: | AMOUNTS FALLING DUE | WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||||
| Trade creditors | 27,035 | 10,900 | ||||
| Social secunty | and other taxes | 3,121 | ||||
| Other creditors | 2,666 | |||||
| Accruals and |
deferred mcome | 14332 | 72,723 | |||
| 44 033 | S6.744 |
| Grant Income | ||||
|---|---|---|---|---|
| Deferred Incoming Amounts |
Income brought forward at I Apnl 2022 rcsourccs dcfcrrcd in thc current year released from previous years |
60,000 3,000 ~6000tl |
||
| Deferred | Income | carried forward | at 31 March 2023 | 3 000 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Net obligations receivable: |
|||||
| Within one year | 8,865 | 8,865 | |||
| Between one and tive years | 8,865 | ~17730 | |||
| 17730 | 26595 | ||||
| MOVEMENT IN FUNDS |
|||||
| Net | |||||
| movement | At | ||||
| At 1.4.22 | in funds | 31.3.23 | |||
| f, | |||||
| Unrestricted funds |
|||||
| General fund |
(5,952) | 47,668 | 41,716 | ||
| Restricted funds |
|||||
| Future depreciation | charges | 4,355,028 | (112,135) | 4,242,893 | |
| Arts Council funding | 53,576 | (53,576J | |||
| BLCFLuton citizens fund | 9,902 | (9,902) | |||
| BLCFCommunity | Investment | Fund | 7,050 | 7,050 | |
| BLCFstability fund |
2,588 | 12,340 | 14,928 | ||
| Royal opera house | 2,304 | 2,304 | |||
| Steel charitable trust TOTAL FUNDS |
4 421 tl94 4 ~15142 |
25 non ~722 9197 ~nl 2517 |
25 tutl 4 292 175 4 '133 291 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| Gcncral fund | 224.704 | (177,036) | 47,668 | ||
| Restricted funds |
|||||
| Future depreciation | charges | (112,135) | (112,135) | ||
| Arts Council funding | 153,446 | (207,022) | (53,576) | ||
| BLCFLuton citizens fund | (9,902) | (9,902) | |||
| BLCFCommunity | Investment | Fund | 36,201 | (29,151) | 7,050 |
| BLCFstability fund |
24,999 | (12,659) | 12,340 | ||
| Royal opera house Steel charitable trust |
5,000 25,000 |
(2,696) | 2,304 ~25 000 |
||
| ~244 646 | ~373565) | ~128919) | |||
| TOTAL FLINDS | 469350 | ~550601) | 81 251 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | tn funds | 31.3.22 | ||
| Unrestricted funds |
||||
| General fund |
(26,722) | 20,770 | (5,952) | |
| Rcstrictcd funds | ||||
| Future depreciation | charges | 4,467,164 | (112,135) | 4,355,029 |
| Arts Council funding | 54,531 | (955) | 53,576 | |
| BLCF Luton citizens fund BLCFstability fund TOTAL FUNDS |
3639 ~525 334 4498612 |
9,902 ~7052 ~3042~tlt ~83470 |
9,902 2 587 4 423 974 4415142 |
| Incoming | Resources | Movement | ||||||
|---|---|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||||
| Unrestricted funds |
||||||||
| Gcncral fund | 198.053 | (177,283) | 20,770 | |||||
| Restricted funds |
||||||||
| Future depreciation | charges | (112,135) | (112,135) | |||||
| Arts Council funding | 152,761 | (153,716) | (955) | |||||
| Artrcach | 4.000 | (4,000) | ||||||
| BLCFLuton citizens fund BLCFstability fund TOTAL FUNDS |
10,500 14999 ~182260 380313 |
(598) ~(6051) ~286500) ~463 783) |
9,902 ~(052) 104240 ~83470) |
|||||
| A current year 12 months | and | pnor year 12 months | combined | position | is as follows: | |||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.21 | in funds | 31.3.23 | ||||||
| f | ||||||||
| Unrestricted funds |
||||||||
| General fund |
(26,722) | 68,438 | 41,716 | |||||
| Restricted funds |
||||||||
| Future depreciation | charges | 4,467,164 | (224,270) | 4,242,894 | ||||
| Arts Council funding | 54,531 | (54,531) | ||||||
| BLCFCommunity | Investment | Fund | 7,050 | 7,050 | ||||
| BLCF stability fund |
3,639 | 11,288 | 14,927 | |||||
| Royal opera house | 2,304 | 2,304 | ||||||
| Steel charitable trust |
2500tl | 25t00 | ||||||
| ~525334 | ~2337593 | 4292175 | ||||||
| TOTAL FUNDS | 4498612 | ~I647213 | 4333891 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| Gcncral fund | 422.757 | (354,319) | 68,438 | ||
| Restricted funds |
|||||
| Future depreciation | charges | (224,270) | (224,270) | ||
| Arts Council funding | 306,207 | (360,738) | (54,531) | ||
| Artrcach | 4.000 | (4,000) | |||
| BLCFLuton citizens fund | 10,500 | (10,500) | |||
| BLCFCommunity | Investment | Fund | 36,201 | (29,151) | 7,050 |
| BLCFstability fund |
39,998 | (28,710) | 11,288 | ||
| Royal opera house | 5,000 | (2,696) | 2,304 | ||
| Steel charitable trust |
25.000 | 25,000 | |||
| 426 906 | ~660065) | ~233 159) | |||
| TOTAL FUNDS | 849.663 | ~)0)4384) | ~)64721) |